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James William Gilbart was born in London on 21 March 1794, and died there on 8 August 1863. He worked in London as a bank clerk from 1812 until the financial crisis of 1825 when his bank, Everett, Walker and Co., stopped payment. After brief stints as a cashier in Birmingham and London, he moved to Ireland in 1827 to become branch manager of the Provincial Bank of Ireland, first in Kilkenny and then two years later in Waterford. When parliament passed a law permitting joint-stock banking in London in 1833, two different companies asked him to be their general manager. He accepted the post at the London and Westminster Bank, which became England's most successful bank under his administration. Besides administering the bank's Day-to-Day business, he also acted as agent for many of the growing number of joint-stock Banks forming outside of London, and periodically battled the Bank of England's efforts to preserve what remained of its monopoly. Gilbart remained at the London and Westminster until his retirement in 1860.

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From The Biographical Dictionary of British Economists in Oxford Reference.